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ANA charts path to record profit in 3 years, topping pre-COVID high

Renewed demand and cost cuts seen lifting margin, but slowing economy poses risk

ANA Holdings expects earnings to rebound on stronger travel demand after two years of losses.   © Reuters

TOKYO -- Japan's ANA Holdings aims to boost group operating profit to a record 200 billion yen ($1.4 billion) in fiscal 2025, counting on a rebound in travel demand and growth outside its mainstay airline business to escape a pandemic slump.

The figure would beat ANA's all-time high of 165 billion yen, set in fiscal 2018. The carrier targets group sales of 2 trillion yen and a 10% operating profit margin for fiscal 2025, setting a specific time frame for what had been a vaguer medium-term goal.

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